2024 Housing Market Slowest in Three Decades

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“The year is on track to have the slowest housing market in three decades, with a projected four million home sales, according to the National Association of Realtors — making 2024 the second straight year of historically anemic sales”

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Record low demand and sales, stubborn sellers holding out for higher prices, persistent high interest rates, and a high percentage of buyers priced out of the market were all factors of a 2024 housing market that was slowest since 1995, a time when 110 million less people lived in the United States.

https://www.nytimes.com/2024/12/11/realestate/housing-market-2024-2025.html#:~:text=The%20year%20is%20on%20track%20to%20have,second%20straight%20year%20of%20historically%20anemic%20sales


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